Today i took this Intraday Trade in Bajaj Finance; and there were some psychological and Discipline aspects that were related to this trade. So i thought why not to share those key points that could transform you’re trading style completely:-
Always Trust your gut and analysis, Never Ever Doubt It.
Always keep a Sl and a Target; and keep on trailing the Sl rather than booking the profit before it has even reached your target.
Never look at your P&L once you’ve entered the Trade
Always remember that trading is 20% buying 20% selling and rest 80% patience, so always be patient market will definitely reward your for it.
Lastly, large trading positions can punish you more than they reward you, so positioning your quantity and managing R:R is very Important.
Shorted @ 5180 Sl was @ 5210 Later Trailed the Sl to 5170 Though i could have booked a good profit @ 5120 but i stayed disciplined and didn’t book it cause my target of 5080 wasn’t achieved, this is what market has taught me and this is what it takes to become a profitable trader (Controlling Your Emotions). —- Nevertheless i still ended up in a small profit —-